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General Motors will phase out Pontiacs at the end of the 2010 model run.
Several models will be replaced by other GM products. The Pontiac Torrent will be directly replaced by the GMC Terrain.
Other models are similar to current GM products, Feltmann said.
"The G3 and G5 have very comparable models in the Aveo and Cobalt in the Chevy line," he said.
The only model that is unique to the Pontiac lineup is the two-seat convertible Solstice, Feltmann said.
Pontiac represented 17 percent of Modern Auto's 2008 sales.
"Modern Auto will survive without Pontiac. We've got the other four core GM brands - Chevy, Cadillac, Buick and GMC," Feltmann said.
GM announced last month that it would cut 21,000 factory jobs by 2010 and phase out the Pontiac brand as well as ask the government to take more than half of its stock in exchange for debt relief.
The phasing out or selling of other GM brands including Hummer, Saturn and Saab have yet to be decided.
"Things change. (The phase-out) is probably going to happen, but I don't know anyone who would stake their lives on it," said Laury West, owner of West Brothers, which recently purchased three GM dealerships.
"We're going to keep selling Pontiacs until they stop making them. They're great cars," West said.
Feltmann said he had his own theory as to the reason for the phase-out.
"If you take a look at it, Pontiac was expendable because all the models were up for a major restyling," he said.
"My theory is that the financial people looked at it and said if we don't restyle the line we can save hundreds of millions of dollars," Feltmann said.
Pontiacs in March were the most discounted in the industry according to Edmunds.com, an automobile Web site, which claimed 21.9 percent markdowns.
"I don't think people should be afraid of buying them," Feltmann said.
"Down the road, we noticed this with Oldsmobile, even though the models were discontinued, the vehicles still were holding value comparable to any other vehicle of that year," he said.
Modern Auto will continue to service Pontiacs and all other makes and models, Feltmann said.
The brand has represented a part of American popular culture since its inception in 1926.
With a hood-mounted tachometer, three carburetors, quad exhausts and Hurst gearshift, the V-8 GTO became an instant hit when it was introduced 45 years ago.
Actor Burt Reynolds used a black Pontiac Trans Am to outrun actor Jackie Gleason as Sheriff Buford T. Justice in the 1977 movie "Smokey and the Bandit."
David Hasselhoff teamed up with a talking Pontiac on television in the 1980s series "Knight Rider."
The newer models even made it into the movies with the Solstice as the automobile-alter ego of robot Jazz in the 2007 movie "Transformers."
Perhaps ironically, the character was killed in the film. Unlike Pontiac, the computer-generated good guy is likely to make a return.
